Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies • Hacker News Board

Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#1

Post by uptown » Thu, Jan 25, 2018, 4:07 PM UTC

Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies
crypto.robinhood.com

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#2

Post by coolspot » Thu, Jan 25, 2018, 4:21 PM UTC

Coinbase (aka GDAX) is extremely profitable, making couple million per day in fees.

Evey piece of this pie is sweet, so we will probably see more serious legit US-based players on this market of casual crypto trading for housewives.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#3

Post by trothamel » Thu, Jan 25, 2018, 4:21 PM UTC

I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing from the rich".

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#4

Post by pdude444 » Thu, Jan 25, 2018, 4:23 PM UTC

This is amazing! I have been following robinhood for years, can’t wait to move my bitcoin away from coinbase

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#5

Post by CodeSheikh » Thu, Jan 25, 2018, 4:24 PM UTC

Nice TRON-esque theme. TRON as in the classic arcade game/movie not the TRON crypto currency.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#6

Post by lettergram » Thu, Jan 25, 2018, 4:25 PM UTC

pdude444 wrote: post #4

This is amazing! I have been following robinhood for years, can’t wait to move my bitcoin away from coinbase

I'd put money on their backend being something such as CoinBase...

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#7

Post by rublev » Thu, Jan 25, 2018, 4:26 PM UTC

trothamel wrote: post #3

I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing from the rich".

If you have any branding ideas for "stealing from the poor" that will get those poor to use it, I'm all ears.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#8

Post by jlamberts » Thu, Jan 25, 2018, 4:27 PM UTC

trothamel wrote: post #3

I wonder what the thinking behind the name is. It seems like a bad idea to entrust your money to a startup that is named for someone who's famous for "stealing from the rich".

I think the idea for the original product (I.e. non cypto) is that it's target the "little guy" with no commission on trades. So people feel like they're taking from the rich institutional investors.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#9

Post by reificator » Thu, Jan 25, 2018, 4:27 PM UTC

CodeSheikh wrote: post #5

Nice TRON-esque theme. TRON as in the classic arcade game/movie not the TRON crypto currency.

I didn't even know that was a distinction that now had to be made.

Re: Robinhood Crypto – Invest in Bitcoin and other cryptocurrencies

#10

Post by cwperkins » Thu, Jan 25, 2018, 4:28 PM UTC

Does anyone know what happens in the event that a brokerage like robinhood fails? Are the assets insured by a federal agency or is it wiser to switch my portfolio to another broker?